Economic integration is finally becoming a reality in Africa

Between 2006-2007 and 2015-2016, the average annual African foreign direct investment—defined as money African companies invested in African countries—more than doubled from $3.7 billion to $10 billion. In the same period, average annual intra-African trade grew from $41 billion to $64 billion. The data show that economic integration in Africa is finally becoming a reality, and with the recent creation of the African Continental Free Trade Area, we can expect this growing trend to continue.

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Economic integration is finally becoming a reality in Africa

Between 2006-2007 and 2015-2016, the average annual African foreign direct investment—defined as money African companies invested in African countries—more than doubled from $3.7 billion to $10 billion. In the same period, average annual intra-African trade grew from $41 billion to $64 billion. The data show that economic integration in Africa is finally becoming a reality, and with the recent creation of the African Continental Free Trade Area, we can expect this growing trend to continue.

Solution News Source

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